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Hungarian ethanol producer Pannonia reported after-tax profits up 1% in 2022. Its ethanol margins were squeezed despite the modest profit gain.
Squeezed ethanol margins signal weak processing economics for corn-based ethanol plants, which can reduce DDGS output over time. The effect on feed prices is limited as this is a single regional producer.
qcintel.comJun 2, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
